# Hendershot Investments Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1541496. Source: https://holderbook.com/funds/1541496-hendershot-investments-inc/

- Reported value: $765.5M
- Positions: 134
- Weight of the ten largest: 52.6%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $105.6M | 211,073 | 13.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $50.6M | 174,782 | 6.6% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $39.3M | 154,849 | 5.1% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $36.2M | 238,929 | 4.7% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $36.0M | 100,685 | 4.7% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $31.9M | 178,850 | 4.2% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $26.7M | 71,569 | 3.5% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $26.4M | 131,721 | 3.4% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $26.1M | 76,005 | 3.4% | 19 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $23.8M | 67,207 | 3.1% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $19.4M | 37,790 | 2.5% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $19.3M | 80,835 | 2.5% | 25 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $19.2M | 85,739 | 2.5% | 31 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $18.0M | 53,934 | 2.3% | 10 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $17.6M | 129,664 | 2.3% | 31 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $15.4M | 72,482 | 2.0% | 31 |
| TEXAS ROADHOUSE INC | [TXRH](https://holderbook.com/stocks/TXRH/) | $14.2M | 73,373 | 1.9% | 14 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $12.9M | 87,770 | 1.7% | 29 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $12.9M | 103,274 | 1.7% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $12.3M | 64,925 | 1.6% | 25 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $11.8M | 60,556 | 1.5% | 11 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $11.3M | 95,996 | 1.5% | 31 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $10.6M | 107,807 | 1.4% | 31 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $10.2M | 402,026 | 1.3% | 31 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $10.1M | 73,692 | 1.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.1M | 16,109 | 1.2% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $8.8M | 183,575 | 1.2% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $8.1M | 23,903 | 1.1% | 20 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $7.4M | 23,661 | 1.0% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.9M | 19,614 | 0.9% | 31 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $6.0M | 189,675 | 0.8% | 31 |
| KINSALE CAP GROUP INC | [KNSL](https://holderbook.com/stocks/KNSL/) | $5.8M | 17,558 | 0.8% | 9 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $5.6M | 144,912 | 0.7% | 31 |
| VSE CORP | [VSEC](https://holderbook.com/stocks/VSEC/) | $5.5M | 24,055 | 0.7% | 31 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $5.1M | 22,284 | 0.7% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $4.7M | 22,884 | 0.6% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.5M | 12,199 | 0.6% | 26 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 0.4% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.9M | 2,453 | 0.4% | 19 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $2.8M | 111,589 | 0.4% | 24 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $2.5M | 85,668 | 0.3% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.4M | 7,263 | 0.3% | 20 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.1M | 12,572 | 0.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.8M | 7,128 | 0.2% | 19 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $1.7M | 18,076 | 0.2% | 17 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.7M | 12,937 | 0.2% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.4M | 25,303 | 0.2% | 29 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.4M | 14,766 | 0.2% | 23 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $1.4M | 5,647 | 0.2% | 18 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $1.4M | 32,178 | 0.2% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.3M | 11,163 | 0.2% | 31 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $1.2M | 2,828 | 0.2% | 21 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.1M | 7,874 | 0.1% | 30 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.1M | 6,110 | 0.1% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.1M | 7,979 | 0.1% | 31 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $1.1M | 9,218 | 0.1% | 19 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.0M | 13,926 | 0.1% | 24 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $1.0M | 2,078 | 0.1% | 21 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.0M | 12,512 | 0.1% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $993.8K | 3,676 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $937.6K | 25,950 | 0.1% | 28 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $934.6K | 10,750 | 0.1% | 19 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $929.1K | 8,398 | 0.1% | 19 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $873.0K | 23,679 | 0.1% | 28 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $868.7K | 3,401 | 0.1% | 4 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $861.6K | 2,707 | 0.1% | 19 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $852.1K | 12,478 | 0.1% | 19 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $848.0K | 6,260 | 0.1% | 19 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $815.5K | 3,015 | 0.1% | 20 |
| SCHWAB STRATEGIC TR | [SCHY](https://holderbook.com/stocks/SCHY/) | $739.8K | 23,317 | 0.1% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $729.0K | 8,034 | 0.1% | 20 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $727.6K | 1,975 | 0.1% | 8 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $709.6K | 3,126 | 0.1% | 19 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $692.0K | 5,803 | 0.1% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $670.8K | 11,598 | 0.1% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $662.3K | 708 | 0.1% | 20 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $652.2K | 5,153 | 0.1% | 19 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $639.7K | 9,504 | 0.1% | 2 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $632.3K | 3,319 | 0.1% | 6 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $631.4K | 18,143 | 0.1% | 2 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $617.8K | 7,945 | 0.1% | 1 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $560.0K | 1,780 | 0.1% | 22 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $529.7K | 7,362 | 0.1% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $526.4K | 8,716 | 0.1% | 30 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $522.0K | 3,331 | 0.1% | 19 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $509.8K | 8,844 | 0.1% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $493.7K | 20,504 | 0.1% | 31 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $470.9K | 718 | 0.1% | 5 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $460.9K | 7,439 | 0.1% | 19 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $458.7K | 11,021 | 0.1% | 18 |
| OTTER TAIL CORP | [OTTR](https://holderbook.com/stocks/OTTR/) | $449.9K | 5,000 | 0.1% | 30 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $445.5K | 605 | 0.1% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $434.5K | 1,232 | 0.1% | 8 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $422.2K | 1,453 | 0.1% | 28 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $416.0K | 3,566 | 0.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $410.6K | 12,949 | 0.1% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $398.1K | 1,054 | 0.1% | 8 |
| ARTISAN PARTNERS ASSET MGMT | [APAM](https://holderbook.com/stocks/APAM/) | $396.2K | 11,475 | 0.1% | 19 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $391.2K | 9,657 | 0.1% | 19 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $374.5K | 1,196 | 0.0% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +3.7% | +14.8% | -11.1% | 100% |
| Q1 2026 | -6.3% | -4.6% | -1.7% | 100% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +2.3% | +10.5% | -8.2% | 100% |
| Q1 2025 | -0.1% | -4.6% | +4.5% | 100% |
| Q4 2024 | +0.0% | +2.1% | -2.1% | 100% |
| Q3 2024 | +8.5% | +5.4% | +3.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $765.5M | 134 |
| Q1 2026 | $744.0M | 129 |
| Q4 2025 | $784.5M | 124 |
| Q3 2025 | $794.4M | 128 |
| Q2 2025 | $748.4M | 129 |
| Q1 2025 | $734.7M | 129 |
| Q4 2024 | $733.7M | 131 |
| Q3 2024 | $736.2M | 130 |
| Q2 2024 | $695.9M | 131 |
| Q1 2024 | $699.4M | 131 |
| Q4 2023 | $650.4M | 131 |
| Q3 2023 | $596.5M | 134 |